AK MALERSERVICE AS: årsregnskap 2020 vs 2019
Shrank 99% on revenue, stronger earnings
approved 2021-03-16; registry 2021-04-03; journal 2021 179228
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AK MALERSERVICE AS. Revenue 98.4k NOK → 1 122 NOK (-98.9%). Net result +58.8k NOK → +242.2k NOK. Equity 83.2k NOK → 2.33m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue; cogs moved.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +73.8k NOK → +310.6k NOK (op. margin 75.0% → 27686.2%). Calculated
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Net result improved
Net result +58.8k NOK → +242.2k NOK (net margin 59.7% → 21582.5%). Calculated
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Equity strengthened
Book equity 83.2k NOK → 2.33m NOK (equity ratio 71.9% → 401.9%). Calculated
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Cash rose
Bank deposits 83.8k NOK → 421.9k NOK (+403.2% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 98.4k NOK to 1 122 NOK (-98.9% YoY). Calculated
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Payroll up without matching revenue
Salary cost 734 NOK → 7 588 NOK (1% → 676% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 6 507 NOK → 106.9k NOK (+1542.8% YoY). Calculated